Dogecoin Whales Abruptly Moved $182 Million Worth of DOGE after Elon Musk-Fueled Rally. Here’s the Destination

Dogecoin whales have been moving millions of dollars worth of DOGE ever since Elon Musk, the CEO of Tesla, decided to change the Twitter icon to the Dogecoin logo. Over $182 million worth of the largest meme coin was moved within a few hours this week amid its sudden surge in price.

It’s worth noting that DOGE jumped from trading around $0.077 on Monday to a high of $0.102 on Tuesday, a surge of more than 32%.

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The price rally happened after Elon Musk suddenly changed Twitter’s icon to the DOGE logo and posted his own version of a meme template featuring the DOGE logo.

pic.twitter.com/wmN5WxUhfQ

— Elon Musk (@elonmusk) April 3, 2023

According to the Blockchain-monitoring service Dogecoin Whale Alert, the biggest whale transaction involved a top-20 DOGE wallet sending 650 million DOGE worth over $65.49 million to another top-20 DOGE wallet.

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Other large DOGE transactions monitored by Dogecoin Whale Alert include:

1. 401,255,826 DOGE worth more than $36.49 million transferred from a Binance wallet to a Binance wallet
2. 300,000,000 DOGE worth more than $27.62 million transferred from a top-20 wallet to an unknown wallet
3. 138,888,622 DOGE worth more than $10.68 million transferred from a top-20 wallet to an unknown wallet 
4. 125,000,000 1DOGE worth more than $12.54 million transferred from a top-20 wallet to an unknown wallet 
5. 89,900,098 DOGE worth more than $8 million transferred from an unknown wallet to an unknown wallet 
6. 80,000,000 DOGE worth more than $7.99 million transferred from a top-20 wallet to an unknown wallet
7. 75,000,000 DOGE worth more than $7 million transferred from a top-20 wallet to an unknown wallet
8. 70,000,000 DOGE worth more than $6.63 million transferred from an unknown wallet to an unknown wallet

At the time of writing, DOGE is trading at $0.09565, with a relatively 1% price downtrend in the last 24 hours.

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